Personal income and payroll taxes are the largest sources of revenue for the federal government.

a. true
b. false


Ans: a. true

Economics

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Refer to the table below. Given that an individual's opportunity cost of time is $30 per hour, which of the two apartments should she rent?

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A construction company builds roads with machinery (capital, K) and labor (L)

If we plot the isoquants for the production function so that labor is on the horizontal axis, then a point on the isoquant with a small MRTS (in absolute value) is associated with high ________ use and low ________ use. A) labor, capital B) capital, labor C) concrete, gravel D) none of the above

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Index mutual funds purchase shares of stock in those companies which are included in the market based indexes

a. True b. False Indicate whether the statement is true or false

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ukraine is a major producer of wheat, and exports much of its wheat to europe. if ukraine no longer is able to export to europe, consider the european market for wheat: indicate whether there is a shift in supply or demand in the european market

a) supply b) demand

Economics